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This item downloads seasonally adjusted 4-Week moving average of Initial Jobless Claims from the U.S. Department of Labor: Bureau of Labor Statistics. The data starts from 1967 to present and is updated weekly. The symbol associated with this time-series is '^Initial_Jobless_Claims'.
The Initial Jobless Claim is an important economic indicator that measures the strenght in the labor market. It is an estimation of the number of people that have filed for unemployment benefits during the previous week. During 2008, we have seen an increasing number of people seeking for jobs. The 4-week moving average Initial Claims was 344250 at the beginning of 2008 and it ended the year at 544000; an increase of about 58%.
An increasing number of Initial Claims means that more people are searching for a job and this indicates a weakness in the labor market. A decrease in this report number indicates that the labor market is going well.
NB:
- The 'obs_end_date' tab contains the end download date. You should change this field in order to download the latest releases. The current value of 'obs_end_date' is '2009-10-10'.
- The data is relased on Thursday at 8:30 a.m. Eastern.
- The series is volatitle and it is subject to big revisions.
- The downloaded data is a four-week average of Initial Claims. It is a better gauge of the claims' trend.
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This item no longer works, please use this instead: Economic Series Downloader
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
